International banking system is regulated mainly with the help of Basel criteria to ensure robustness, stability and competitiveness. This paper aims to evaluate Basel criteria via a structural framework in terms of whether these criteria achieve this goal. It is observed that possibility of...

We examine the action of natural selection in a periodically changing environment where two competing strains are specialists, respectively, for each environmental state. When the relative fitness of the strains is subject to a very general class of frequency-dependent selection, we show that...